secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0000043920-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif Q1 net income falls to $67.2M; adjusted EPS rises to $1.27; leverage at 2.53x
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- Net income $67.2M ($1.17 diluted Class A) vs $89.9M ($1.54) last year; adjusted net income $72.8M ($1.27) vs $61.9M ($1.06).
- Adjusted EBITDA $128.0M vs $164.5M; net cash from operations $4.5M (down $28.4M); adjusted free cash flow -$48.2M.
- Total debt $2,291.8M (+$62.5M); net debt $2,112.5M; leverage ratio 2.53x vs 2.11x prior year.
- All nine director nominees elected; Deloitte ratified as auditor; CEO cites challenging demand, Ipackchem acquisition progress.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392024000012/0000043920-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392024000012/gef-20240301.htm
  HTML page:      https://secwatch.observer/filing/0000043920-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer